Dycom Industries (DY) Tops Q4 EPS by 3c, Miss on Revenues

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Dycom Industries (DY) PT Lowered to $98 at FBR Capital; 'Lowering Estimates... Reiterates Buy on Strong 12-Mo Backlog'

August 30, 2017 3:26 PM EDT

FBR Capital lowered its price target on Dycom Industries (NYSE: DY) to $98.00 (from $112.00) while maintaining a Buy rating, following an update to the company's first half 2018 assumptions.

Analyst Alex Rygiel notes the cautious outlook following a lowering of estimates to reflect lower first half... More